GAP Insurance provider review – Click4Gap

Car GAP insurance covers you if you write off your car but owe more on your car finance agreement than your car insurance company pays you. There are a number of providers of UK GAP insurance, we review one of the main providers, Click4Gap.

Who are Click4Gap?

Click4Gap started selling GAP insurance via the internet over 15 years ago.

By selling GAP Insurance direct to the consumer, Click4Gap bypass dealers and brokers and pass on savings to the consumer – meaning you can save up to 75%.

The savings are simply because there’s no salesman commission, no dealer add-ons and no showroom overheads, plus with high sales volume it means the prices can be lower.

Click4Gap are authorised and regulated by the Financial Services Authority

The company has a very clear and friendly website which enables you to understand and choose the product that best meets your needs.

Which GAP insurance products are available?

There are a number of GAP insurance products available, including

Return to Value GAP – pays the difference between the amount your car insurance company pays and the value of your car today

Return to Invoice (RTI) GAP – pays the difference between the amount your car insurance company pays and the amount you paid for the car

Vehicle Replacement GAP – pays you the difference between the amount your comprehensive car insurance pays and the cost of a replacement vehicle, even if the retail price has increased since you bought your car.

Who is the insurer?

The insurer is Red Sands Insurance Company (Europe) Ltd who are a specialist company in UK motor related insurance products.

They are a member of the Association of British Insurers (ABI) and your policy is protected by the Financial Services Compensation Scheme.